Exercise of Lease Renewal Option between SupportSoft, Inc. and Stanford University for 575 Broadway, Redwood City
SupportSoft, Inc. has formally notified Stanford University that it is exercising its option to renew the lease for the property at 575 Broadway, Redwood City, California. The renewal is for a one-year term beginning June 1, 2006, as provided under the original lease and its amendments. This notice fulfills the requirement for exercising the renewal option under the lease agreement between the parties.
Exhibit 10.1
| December 22, 2005 | Brian Beattie Chief Financial Officer 650 ###-###-#### |
VIA E-MAIL AND OVERNIGHT COURIER
Meg W. Davis
Director Finance / Land and Building
655 Serra Street, 2nd floor
Stanford CA ###-###-####
| Re: | Exercise of Lease Renewal Option |
575 Broadway, Redwood City, California
Lease by and between Stanford University (as successor to MPTP Holding, LLC)
and SupportSoft, Inc. dated October , 2001 as amended in a First Amendment
dated May 31, 2003 and Second Amendment dated May 6, 2005
(collectively the “Lease”)
Ladies and Gentlemen:
This letter serves as SupportSoft, Inc.’s notice under the Lease that it is exercising the Renewal Option for the one year Renewal Term which shall commence on June 1, 2006.
Sincerely,
Brian Beattie
CFO
cc: David Thede
Cornish & Carey Commercial
245 Lytton Avenue
Suite 150
Palo Alto, CA 94301
Robert Reidy
Vice Provost - Land and Building
655 Serra Street, 2nd floor
Stanford CA ###-###-####
Ramsey Shuayto
Stanford Management Company
2770 Sand Hill Road
Menlo Park, CA 94025
